Elliott Wave Strategies: Commodity Futures Markets

sunset

Image Source: Unsplash

Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Spot Gold, GDX, Silver, Crude Oil, US Dollar Index DXY, Copper, Natural Gas, Nickel, Iron Ore, Uranium, and Invesco DB Agriculture Fund EFT (DBA).

Market Summary: Most commodities are bearish for the next few weeks. Be mindful of Crude Oil and Natural Gas turning lower in the sessions ahead. Gold is still in the downtrend with Silver too in a small corrective rally. Soft commodities are expected higher but are in the latter part of their current trend, so don't chase that market.
 

Commodity Futures Overview

Elliott Wave Counts:

  • Gold Elliott wave (4) Triangle or Flat
  • Dollar Index DXY Elliott Impulse Wave (v) top in play?
  • Iron Ore Elliott wave waiting to confirm the count
  • Crude Oil Elliott wave Triangle
  • Copper Elliott wave iv)
  • Nickel Elliott Wave trending lower Wave iv) corrective rally
  • Uranium ETF Elliott wave v) of C low in place?
  • Natural Gas Elliott Wave b) of 4

Video Length: 00:27:23

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.